Solutions Manual For Accounting Information Systems 4e Vernon Richardson, C
v v v v v v v v vv
hengyee Chang, Rod Smith All Chapters
v v v v v
Chapter 1: Accounting Information Systems and Firm Value
v v v v v v v
MultiplevChoicevQuestions
1. (LOv1-1)vAccountingvinformationvsystems
a. arevalwaysvcomputerized.
b. reportvonlyvfinanciallyvrelatedvinformation.
c. arevinformationvsystemsvthatvrecord,vprocess,vandvreportvonvtransactionsvtovprovidevfinancialv
andvnonfinancialvinformationvforvdecisionvmakingvandvcontrol.
d. requirevavCITPvdesignationvtovunderstand.
Answer:vC
2. (LOv1-1)vWhichvofvthevfollowingvisvavcharacteristicvofvrelevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Costvtovgeneratev
Answer:vA
3. (LOv1-2)vWhichvofvthevfollowingvisvconsideredvtovbevmandatoryvinformationvrequiredvbyvavregulatory
body?
a. 10-QvsubmissionvtovthevSecuritiesvandvExchangevCommission
b. ThevcostvtovproducevavSamsungvGalaxy
c. ThevnumbervofvorganicvbananasvthatvarevsoldvatvWholevFoodsvonvJulyv28
d. Thevcostvtovbuildvanvall-
newvStarbucksvrestaurantvinvShenzhen,vChinavAnswer:vA
4. (LOv1-4)vThevcorrectvordervofveventsvinvthevvaluevchainvis
a. Inboundvlogisticsv➛vOperationsv➛vService.
b. Inboundvlogisticsv➛vOutboundvlogisticsv➛vMarketingvandvsales.
c. Inboundvlogisticsv➛vOperationsv➛vOutboundvlogistics.
d. Inboundvlogisticsv➛vOperationsv➛vMarketingvandvSales.
Answer:vC
5. (LOv1-8)vWhichvsystemvcontributesvinformationvonvdirectvlaborvtovavcostvaccountingvsystem?
a. Supplyvchainvmanagementvsystemv(SCMS)
, EndvofvChaptervSolutionsvManual:vRichardson,vChang,vSmith,vAccountingvInformationvSystems,v4thvedition
b. Financialvreportingvsystemv(FRS)
c. CustomervRelationalvManagementv Systemv (CRM)
d. Humanvresourcevmanagementvsystemv(HRMS)
v Answer:vD
6. (LOv1-7)vAvsupplyvchain
a. suppliesvjewelryvchains.
b. refersvtovthevflowvofvmaterials,vinformation,vpayments,vandvservices.
c. isvsimilarvinvfunctionvandvpurposevtovthevvaluevchain.
d. doesvnotvapplyvtovavservicevfirmvlikevanvaccountingvfirm.
Answer:vB
7. (LOv1-7)vCustomervrelationshipvmanagementvsoftwarevdoesvnotvincludevinformationvabout
a. currentvcustomers.
b. prospectivev customers.
c. formervcustomers.
d. currentvemployees.
Answer:vD
8. (LOv1-
6)vAnvinformationvsystemvthatvmeasuresvandvrecordsvaccountingvtransactionsvandvreportsvthemvinvth
evfinancialvstatementsvisvcalledva
a. financialvreportingvsystemv(FRS).
b. enterprisevsystemv(ES).
c. manufacturingvsystemv(MS).
d. costvaccountingvsystem.
Answer:vA
9. (LOv1-
3)vWhatvisvthevnamevofvthevpositionvforvavpersonvresponsiblevforvdeterminingvInformationvneedsvofva
vbusinessvandvdesigningvavsystemvtovmeetvthosevneeds?
a. Chiefvinformationvofficer
b. Controller
c. ITvauditor
d. Systemsvanalyst
Answer:vD
v
, EndvofvChaptervSolutionsvManual:vRichardson,vChang,vSmith,vAccountingvInformationvSystems,v4thvedition
10. (LOv1-
9)vThevbalancevsheetvaccountvmostvlikelyvaffectedvbyvanvAISvinvestmentvinvsupplyvchainvmanagem
entvsoftwarevwouldvbe
a. inventories.
b. fixedvassets.
c. cashvandvcashvequivalents.
d. unearnedvrevenue.
Answer:vA
11. (LOv1-7)vThevsoftware/systemvthatvhelpsvmakevsurevthevretailvfirmvdoesn’tvhavevavstockoutvis
a. supplyvchainvmanagementvsoftware.
b. customervrelationshipvmanagementv software.
c. enterprisevsystems.
d. humanvresourcevsystems.
Answer:vA
12. (LOv1-
9)vDatavanalyticsvperformedvtovidentifyvthevmostvprofitablevcustomersvwouldvbevmostvlikelyvtovaffectvwhi
chvincomevstatementvaccount?
a. Selling,vgeneral,vandvadministrativevexpensesv(SG&A)
b. Interestvexpense
c. Revenues
d. Costvofvgoodsvsold
v Answer:vC
13. (LOv1-7,vLOv1-9)vCustomervrelationshipvmanagementvsystemsvwouldvgenerallyvbevconsideredvtovbe
an
a. internalvbusinessvprocess.
b. externalvbusinessv process.
c. interiorvbusinessvprocess.
d. exteriorvbusinessvprocess.
Answer:vB
14. (LOv1-
3)vAnvauditorvtestingvinternalvcontrolsvwouldvgenerallyvbevconsideredvtovfillvwhichvrolevwithvrespectvtov
accountingvinformationvsystems?
a. User
, EndvofvChaptervSolutionsvManual:vRichardson,vChang,vSmith,vAccountingvInformationvSystems,v4thvedition
b. Manager
c. Designer
v v v v v v v v vv
hengyee Chang, Rod Smith All Chapters
v v v v v
Chapter 1: Accounting Information Systems and Firm Value
v v v v v v v
MultiplevChoicevQuestions
1. (LOv1-1)vAccountingvinformationvsystems
a. arevalwaysvcomputerized.
b. reportvonlyvfinanciallyvrelatedvinformation.
c. arevinformationvsystemsvthatvrecord,vprocess,vandvreportvonvtransactionsvtovprovidevfinancialv
andvnonfinancialvinformationvforvdecisionvmakingvandvcontrol.
d. requirevavCITPvdesignationvtovunderstand.
Answer:vC
2. (LOv1-1)vWhichvofvthevfollowingvisvavcharacteristicvofvrelevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Costvtovgeneratev
Answer:vA
3. (LOv1-2)vWhichvofvthevfollowingvisvconsideredvtovbevmandatoryvinformationvrequiredvbyvavregulatory
body?
a. 10-QvsubmissionvtovthevSecuritiesvandvExchangevCommission
b. ThevcostvtovproducevavSamsungvGalaxy
c. ThevnumbervofvorganicvbananasvthatvarevsoldvatvWholevFoodsvonvJulyv28
d. Thevcostvtovbuildvanvall-
newvStarbucksvrestaurantvinvShenzhen,vChinavAnswer:vA
4. (LOv1-4)vThevcorrectvordervofveventsvinvthevvaluevchainvis
a. Inboundvlogisticsv➛vOperationsv➛vService.
b. Inboundvlogisticsv➛vOutboundvlogisticsv➛vMarketingvandvsales.
c. Inboundvlogisticsv➛vOperationsv➛vOutboundvlogistics.
d. Inboundvlogisticsv➛vOperationsv➛vMarketingvandvSales.
Answer:vC
5. (LOv1-8)vWhichvsystemvcontributesvinformationvonvdirectvlaborvtovavcostvaccountingvsystem?
a. Supplyvchainvmanagementvsystemv(SCMS)
, EndvofvChaptervSolutionsvManual:vRichardson,vChang,vSmith,vAccountingvInformationvSystems,v4thvedition
b. Financialvreportingvsystemv(FRS)
c. CustomervRelationalvManagementv Systemv (CRM)
d. Humanvresourcevmanagementvsystemv(HRMS)
v Answer:vD
6. (LOv1-7)vAvsupplyvchain
a. suppliesvjewelryvchains.
b. refersvtovthevflowvofvmaterials,vinformation,vpayments,vandvservices.
c. isvsimilarvinvfunctionvandvpurposevtovthevvaluevchain.
d. doesvnotvapplyvtovavservicevfirmvlikevanvaccountingvfirm.
Answer:vB
7. (LOv1-7)vCustomervrelationshipvmanagementvsoftwarevdoesvnotvincludevinformationvabout
a. currentvcustomers.
b. prospectivev customers.
c. formervcustomers.
d. currentvemployees.
Answer:vD
8. (LOv1-
6)vAnvinformationvsystemvthatvmeasuresvandvrecordsvaccountingvtransactionsvandvreportsvthemvinvth
evfinancialvstatementsvisvcalledva
a. financialvreportingvsystemv(FRS).
b. enterprisevsystemv(ES).
c. manufacturingvsystemv(MS).
d. costvaccountingvsystem.
Answer:vA
9. (LOv1-
3)vWhatvisvthevnamevofvthevpositionvforvavpersonvresponsiblevforvdeterminingvInformationvneedsvofva
vbusinessvandvdesigningvavsystemvtovmeetvthosevneeds?
a. Chiefvinformationvofficer
b. Controller
c. ITvauditor
d. Systemsvanalyst
Answer:vD
v
, EndvofvChaptervSolutionsvManual:vRichardson,vChang,vSmith,vAccountingvInformationvSystems,v4thvedition
10. (LOv1-
9)vThevbalancevsheetvaccountvmostvlikelyvaffectedvbyvanvAISvinvestmentvinvsupplyvchainvmanagem
entvsoftwarevwouldvbe
a. inventories.
b. fixedvassets.
c. cashvandvcashvequivalents.
d. unearnedvrevenue.
Answer:vA
11. (LOv1-7)vThevsoftware/systemvthatvhelpsvmakevsurevthevretailvfirmvdoesn’tvhavevavstockoutvis
a. supplyvchainvmanagementvsoftware.
b. customervrelationshipvmanagementv software.
c. enterprisevsystems.
d. humanvresourcevsystems.
Answer:vA
12. (LOv1-
9)vDatavanalyticsvperformedvtovidentifyvthevmostvprofitablevcustomersvwouldvbevmostvlikelyvtovaffectvwhi
chvincomevstatementvaccount?
a. Selling,vgeneral,vandvadministrativevexpensesv(SG&A)
b. Interestvexpense
c. Revenues
d. Costvofvgoodsvsold
v Answer:vC
13. (LOv1-7,vLOv1-9)vCustomervrelationshipvmanagementvsystemsvwouldvgenerallyvbevconsideredvtovbe
an
a. internalvbusinessvprocess.
b. externalvbusinessv process.
c. interiorvbusinessvprocess.
d. exteriorvbusinessvprocess.
Answer:vB
14. (LOv1-
3)vAnvauditorvtestingvinternalvcontrolsvwouldvgenerallyvbevconsideredvtovfillvwhichvrolevwithvrespectvtov
accountingvinformationvsystems?
a. User
, EndvofvChaptervSolutionsvManual:vRichardson,vChang,vSmith,vAccountingvInformationvSystems,v4thvedition
b. Manager
c. Designer
